Damascus, Dec. 9 (SANA) The Syrian Petroleum Company on Tuesday signed four strategic agreements with leading Saudi oil and gas service firms to expand production, enhance technical operations, and increase output across the country.
The agreements, which were finalized at the Ministry of Energy in Damascus, involve ADES Holding, Saudi TAQA, ARGAS, and Arabian Drilling.
Gas Production Set to Rise
Youssef Qablawi, CEO of the Syrian Petroleum Company, told SANA that the agreement with ADES aims to increase gas production from existing fields by 25% over the next six months, with projections of up to a 50% increase by the end of 2026.
He added that the projects are expected to create approximately 2,000 new jobs for Syrian engineers and technicians. The four agreements, he noted, form part of a comprehensive plan to modernize Syria’s energy sector.
Saudi Investment to Drive Growth
Mohamed Farouk, CEO of ADES Holding, said that investments will begin in June to boost gas output. He added that the company plans to expand operations in Syria, leveraging its expertise in drilling and production.
Integrated Drilling and Maintenance Solutions
Rayed Eskandrani, Vice President of Operations for the Middle East at Saudi TAQA, said the agreement covers integrated drilling operations, well development, and maintenance. A memorandum of understanding signed two months ago with the Syrian Petroleum Company has now evolved into formal contracts. Additional agreements with Syrian national companies and regional operators are also planned.
Advanced Geophysical Support for Exploration
Mohammed al-Qahtani from ARGAS highlighted that the deal will provide geophysical and geological consulting services to support oil and gas exploration in Syria, contributing technical expertise to enhance exploration efforts.
Training and Workforce Development
Majed al-Anazi, Marketing and Sales Director at Arabian Drilling, said the agreement includes providing onshore drilling rigs and training programs for Syrian engineers and technicians. The goal is to strengthen local technical capabilities and improve operational efficiency.
The agreements mark a major step in Syria’s efforts to modernize its energy sector through partnerships with regional industry leaders, bringing in advanced technology and solutions to support growth.
